What does the mad tell you as a manager

Assignment Help Operation Management
Reference no: EM13250837

A company has actual unit demand for four consecutive years of 100, 105, 135, and 150. The respective forecasts were 120 for all four years. What is the MAD? What does the MAD tell you as a manager?

Reference no: EM13250837

Questions Cloud

Explain magnesium hydroxide and magnesium nitride : According to the following reaction, how many moles of water are necessary to form 0.868 moles magnesium hydroxide? magnesium nitride (s) + water (l) --------> magnesium hydroxide (aq) + ammonia (aq)
What is the companys mean absolute deviation : A company has calculated its running sum of forecast errors to be 1,000 and its tracking signal is 50. What is the company's mean absolute deviation?
Design an 8085 microprocessor system that has a total : Design an 8085 microprocessor system that has a total of 4Kx8 EPROM space using a single 4Kx8 chip and a total of 4Kx8 RAM using two 2Kx8 chips. The EPROM should be mapped starting at address 0000 hex
What is the tracking signal : To determine when it is time to re-evaluate the usefulness of the exponential smoothing model you compute tracking signals. What is the tracking signal? What does the tracking signal tells you?
What does the mad tell you as a manager : A company has actual unit demand for four consecutive years of 100, 105, 135, and 150. The respective forecasts were 120 for all four years. What is the MAD? What does the MAD tell you as a manager?
Determine the period of this asteroid : An asteroid is in a nearly circular orbit of radius 5.668 AU about the Sun. Determine the period of this asteroid
What is the resulting year 2014 forecast value : Using this data and a smoothing constant alpha of 0.5, what is the resulting year 2014 forecast value?
Compare and contrast qualitative and quantitative forecast : Compare and contrast qualitative and quantitative forecasting and give one example of a method that is used for each type.
Calculate the overall proportion of tourists : day one 6, day two 4, day three 5, day four 7, day five 8, day six 3, day seven 4, day eight 5, day nine 3, day ten 11.

Reviews

Write a Review

Operation Management Questions & Answers

  Creating graph illustrating the crossover points

Stan Fawcett's company is considering producing a gear assembly that it now purchases from Salt Lake Supply, Inc. Salt Lake Supply charges $4 per unit with a minimum order of 3000 units.

  How will changes in the labor force

How will changes in the labor force that are taking place now, effect HRM practices for the decades to come?

  What revenues are to be expected in 2010 and 2011

Develop a forecasting model, justifying its selection over other techniques, and project attendance through 2011 and what revenues are to be expected in 2010 and 2011

  Should the laundromat switch to the new service

Currently, how long does the laundromat have to wait for its equipment to be repaired?

  Find the new total inventory cost

The manufacturer offers the following purchasing options: Units Price 0-99 1,000 100-299 950 300-499 900 500-999 850 1000+ 800 a. Find the order quantity that minimizes total cost. b. Find the new total inventory cost (include safety stock). c. Fi..

  Create 90 percent of the mean confidence interval

You work for a consumer advocate agency and want to find the mean repair cost of a washing machine. As part of your study, you randomly select 45 repair costs and find the mean to be $115.

  Show bill of materials

If 100 units of A are requisite d in Week 10, develop MRP planning schedule, specifying when items are to be ordered also received. There are presently no units of inventory on hand.

  What does your strategic group map of the energy drink

What does your strategic group map of the energy drink, sports drink, and vitamin-enhanced beverage industry look like? Which strategic groups do you think are in the best positions? The worst positions?

  Find the minimum number of recycling collectors required

The requirements then will be eight collectors on Monday and seven on the other days of the week. How many collectors will be needed now? Does smoothing of requirements have capital investment implications? If so, what are they?

  Illustrate how international economy affects your planning

Illustrate how international economy affects your planning or operating decisions for good or service.

  Determine the independent variable

Solve for x: log_10?x=3 5. You've earned your degree and have been hired by an established company. You were able to negotiate a beginning salary of $2500 per month with annual 6% raises each year.

  Describe the aspects of a servant leader

Write several paragraphs describing the aspects of a servant leader. Why does it appeal to an approach to leadership? What are some concerns?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd